What a year 2020 has been so far. Most news this year was understandably negative, with words like Covid-19, pandemic, lockdown, market correction and economic recession everywhere. Locally, we also had a few bonus words thrown around, like junk status and foreigners as net sellers of local shares and bonds. The question I’d like to address in this issue, considering the fact that foreigners have been net sellers of South African shares for 16 months in a row as at the end of October 2020, is whether or not there are still any buyers of SA shares out there. The short answer is: definitely. In fact, recent news about local companies has been very positive, and that may very well lead to more good news. Let’s look at a few.
Adcock Ingram
In total, 99% of Adcock Ingram’s turnover is generated in Southern Africa. Earlier this year, it bought back 1.5% of its shares. Its largest shareholder, Bidvest, announced on 23 October, however, that it has increased its shareholding in the company to 56.1%.
Afrox
American-German Linde, which owns 50.47% of Afrox, recently announced that it would like to buy the rest of the outstanding shareholding at R21.18 per share, resulting in its delisting.
Barloworld
この記事は Finweek English の 26 November 2020 版に掲載されています。
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この記事は Finweek English の 26 November 2020 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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